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About Us
Union Bank & Trust Company is the only
union owned and operated bank in the Upper Midwest. We are committed
to serving long-term needs; supporting the economic well-being of working
people, small businesses, individuals and associations which make up our
neighborhoods. We are a community-oriented bank that is involved in
our surrounding neighborhoods.
The people who work at Union Bank &
Trust Company are here to respond to your needs. This pledge goes
beyond friendly, personal service to include an active involvement in
problem solving and opportunity building for our customers. We will
always treat you with dignity and respect. In this way, we will
provide you with the best service in all aspects of your banking
relationship.
Our logo is a union of four U's rotated
from a single point of origin. This symbolizes the connection of
many different unions, united for a common cause. The revolution of
the letter, always turning outward, symbolizes the mission of Union Bank
& Trust Company to reach out to working people, families and the community.
We are a Full Service Bank that offers Personal
Banking, Commercial Banking,
Mortgage Banking & Trust
Services.
Trust Services
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The UB Trust Division of Union Bank
& Trust Company was established with the specific purpose of
providing Trustee and Custody services to Employee Benefit Plans and
Personal Trust services to individuals. Because we offer the
highest quality services available in the market place at the lowest
possible cost, we are the fastest growing Trust operation in the
Upper Midwest.
The outstanding quality and value of the services
we offer has led to the formation of alliances with some of the
finest providers of investment management and administration
services in the country. Through these alliances we provide
Trustee services for retirement plans and individual personal trust.
UB Trust Division has designed its Personal Trust
and Employee Benefit trust services to complement the investment
advisory services offered by Financial Planning and Investment
Advisor professionals. Unlike most banks offering Trust and
Custody services, we are not in the money management, investment
advisory, or financial planning business. This eliminates any
potential for conflict of interest and allows our clients to work
with their own trusted investment professionals.
Our knowledgeable and professional staff, with an
average of 15 years trust experience, are dedicated to ensuring that
our clients receive the finest service delivered in a competent and
friendly manner. Our state-of-the-art computer system allows
us to set the highest standards for accuracy and reliability in
trust accounting and reporting.
With over $6 billion in Trust assets, UB Trust
Division is big enough to ensure safe and efficient service and
small enough to provide the personalized service no longer available
from the mega-banks. In this day of mega-banks and
mega-mergers it is also comforting to know that, because of our
unique ownership, it is highly unlikely that we would ever be a
merger or take-over target.
We would welcome an opportunity to provide you
with more detailed information or answer any questions you might
have.
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- Avoid probate.
- Minimize estate and income taxes.
- Provide for others needs after death.
- Defer distribution of assets.
- Contribute to favorite charities.
- Provide for disability/incapacity, avoid
guardianship.
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- UBTrust Assist - Personal Trust
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- Assist individual trustee in fulfilling
his or her duties.
- Provide a tickler system to remind the
trustee when filings or other trust matters must be
accomplished.
- Provide custody and safekeeping of the
assets in trust.
- Collect dividend and interest payments on
the day that they are paid and sweep them into a Money
Market Fund.
- Provide detailed monthly or quarterly
financial statement including transactions and asset
valuation from one source, eliminating multiple statements
from different investment sources.
- Provide detailed financial reports, in the
required format, for court accountings and trust income
tax preparation.
- Maintain permanent records of the trust
as you provide them to us.
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- Custody service for Taft-Hartley and
Government Pension and Welfare Plans.
- Trustee Services for Defined Contribution
Benefit Plans - 401(k), Profit Sharing, Money Purchase
Plans.
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